Microvast raises $400M for battery systems
Microvast, a developer of lithium ion battery systems, announced that a subsidiary division has raised $400 million in a funding round led by China’s CITIC Securities. Based in Huzhou, China and Stafford, Texas, Microvast develops and manufactures battery systems used in hybrid and electric buses.
Tech companies file brief opposing Trump travel ban
A total of 162 technology companies banded together to file an amicus brief in support of a lawsuit challenging the Trump administration’s revised immigration order. Backers include Facebook, Google, Amazon, Microsoft and a long list of startups and other large technology companies.
MakeSpace raises $30M for storage biz
MakeSpace, a New York-based startup that offers an on-demand service for storing personal belongings and delivering them from storage, has raised $30 million in a round backed by 8VC, Upfront Ventures and others, TechCrunch reports.
Rivals seek market share in productivity space
For seemingly forever, Microsoft has dominated the office productivity software sector, with Google more recently cementing a hold on second place. But rivals are still active in the space as well, Crunchbase News reports, with Zoho, Quip and Open-Xchange among those leading the charge.
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